MEMBER OF HOUSEHOLD TEST
An examination that can be conducted to a dependent instead of the relationship test. If the person does not meet the qualifications in order to be considered a close relative by the IRS, he or she may still be called a household member provided that he or she lived in the taxpayer’s household for the whole year. Even if the individual passed away on the last day of the year, IRS will consider him or her a dependent. Domestic employees such as housekeepers and babysitters are not included from this treatment.
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SEC Form U-9C-3
SEC Form U-9C-3 is a filing accomplished quarterly by a registered holding company following its acquisition of any shares that are from an energy- ...
Tenor
Amount of time left for repaying a loan, contract, or initial term length of a loan. It can be expressed in days, months, or years.
EBITDA to Sales Ratio
Financial metric evaluating a firm’s profitability by measuring up its revenue with earnings. Moreover, it would denote the percentage of a c ...
Deleverage
Attempt of a company to decrease its financial leverage. The best way for a company to deliver is to immediately pay off any existing debt on its b ...
Synthetic Futures Contract
Investment strategy which creates a position by combining call and put options in order to emulate the futures contract’s payout schedule and ...
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Can You Afford the Renovation Cost?
Do you want to know if your current home can withstand any renovation? Consult the following professionals first for guidance.
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